Who Owns a Benefit Account?
…it, regardless of whether the money came from the employee or the employer. Here are more details regarding the portability status of the most commonly used benefit accounts. Who owns…
Search Results for: change of status
Inflation Reduction Act May Impact Employer-Sponsored Health Plans
…to satisfying the deductible without negatively affecting the active status of linked Health Savings Account (HSA) accounts. More Information This blog is intended for educational purposes only and should not…
DataPath Product Manager Featured in BenefitsPRO
…in a qualifying high-deductible health plan to open or contribute to a health savings account. HSA funds remain the employee’s property regardless of employment or insurance status. LSAs (LSAs) can…
COBRA Benefits: Layoff vs. Furlough
…work, but they differ significantly regarding employment status and benefits eligibility. Furlough: A furlough is a temporary, unpaid leave of absence with a planned return date. (The return date later…
Top Compliance Pitfalls for TPAs — And How to Avoid Them
…protocols. Failure to follow these regulations to the letter can result in penalties for employers and employees and potential loss of tax-advantaged status for the accounts involved. TPAs can suffer…
Be Proactive for a Successful Retirement
…effective supplement to 401(k) or other savings due to their “triple-tax advantage”: Funds withdrawn for qualified healthcare expenses remain tax-free, regardless of the owner’s age or employment status. Unused funds…
DataPath Honors Clients, Celebrates 35 Years at Annual Conference
…has made outstanding use of its exclusive status and partnership in DataPath’s unique Client Rewards program. “Our Partner awards are a testament to our clients’ business acumen and their commitment…
HSA Contribution Limits Announced
…personal protective equipment. An HSA is owned by the participant (not by the employer), who may keep and use the funds for life, regardless of employment status. An account owner…
HRA Plan Types: A Breakdown (Infographic)
…ICHRA alongside a traditional group plan as long as both options aren’t offered to the same class of employees Some employees may be excluded, based on job status or geographic…
Lowering the Obstacles to Successful FSA Usage
…FSA account. In this article, we’ll review the current status of FSA accounts. We’ll also talk about lowering the obstacles to successful FSA usage. Where FSAs Stand An estimated 32.6…